Index Investing News
Monday, May 18, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Gov’t pay 50% higher than in private sector

by Index Investing News
February 22, 2024
in Financial
Reading Time: 2 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter

Full-time employees of government ministries earned an average of NIS 18,029 monthly in 2022, according to the report by the Commissioner of Wages in the Ministry of Finance released today. The average rose by 3.8% over the course of the year.

The average salary of the government’s 36,000 workers is almost 50% higher than the general average in the economy, which was NIS 12,120 monthly in 2022. The gap between the public and private sector widened over the year, as salaries in the private sector rose by just 2.8%. This was despite the fact that public sector pay was frozen in 2022, and only crept upwards because of linkage to the Consumer Price Index. In 2023, a framework agreement was signed with the Histadrut (General Federation of Labor in Israel) providing for a rise in public sector pay, which means that the gap versus the private sector can be expected to be wider in future reports.

There are considerable pay gaps within the public service as well, including between people in similar jobs, because of long-service supplements and other benefits. At the highest level are those graded as equivalent to judges, which covers dozens of senior officials, such as the governor of the Bank of Israel. The average monthly salary of those in the lowest 10% of this grade is NIS 44,726, while for the highest 10% it is NIS 77,258.

The second grade is directors general of government ministries, who are employed on personal contracts. Their average pay ranges from NIS 40,833 for the lowest 10% to NIS 53,512 for the highest 10%. Employees in the bureaus of ministers and directors general earn between NIS 13,023 and NIS 34,187 monthly.

Recruitment difficulties

For years, the talk in the public sector has been of the difficulty in recruiting people in high-demand professions, such as engineers and technological staff, in the face of the competition from the private sector. The pay figures in the report illustrate the difficulty in attracting young employees. Beginner engineers in government service earn just NIS 8,763 monthly. At the top end, the pay of a veteran senior engineer reaches NIS 28,059.

The lowest paid government employees are court stenographers. The lowest 10% are paid NIS 6,821 monthly on average, while the highest 10% average NIS 13,913.

The Ministry of Finance Wages Division published a separate report on teachers’ salaries. In 2022, there were about 139,000 teachers and other education workers in Israel. They earned an average of NIS 12,629 monthly (or NIS 14,298 for those in full-time posts), costing the state a total of NIS 28 billion.

Published by Globes, Israel business news – en.globes.co.il – on February 22, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.




Source link

Tags: GovthigherPayPrivatesector
ShareTweetShareShare
Previous Post

Manslaughter Trial Begins of ‘Rust’ Armorer in Alec Baldwin Shooting

Next Post

Stocks making the biggest moves after hours: SQ, CVNA and more

Related Posts

TDV: Technology Dashboard For May (BATS:TDV)

TDV: Technology Dashboard For May (BATS:TDV)

by Index Investing News
May 15, 2026
0

This article was written byFollowFred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience...

Microsoft Israel chief leaves amid ethical controversy

Microsoft Israel chief leaves amid ethical controversy

by Index Investing News
May 11, 2026
0

Last week Microsoft Israel, the local marketing and sales office of the US software giant, announced the departure of...

Dabur India net up 16% at ₹362 crore in March quarter, revenue up 7.3%

Dabur India net up 16% at ₹362 crore in March quarter, revenue up 7.3%

by Index Investing News
May 7, 2026
0

Mohit Malhotra, Global CEO, Dabur India Dabur India posted a consolidated net profit of ₹362 crore in the March quarter,...

A .5 Billion Contract Isn’t Enough Without Profits

A $7.5 Billion Contract Isn’t Enough Without Profits

by Index Investing News
May 3, 2026
0

Quick Read Jim Cramer said no to Applied Digital (APLD) despite its $7.5 billion CoreWeave contract, arguing the company is...

US stocks today: Fed chief nominee Warsh clears key confirmation hurdle in Senate

US stocks today: Fed chief nominee Warsh clears key confirmation hurdle in Senate

by Index Investing News
April 29, 2026
0

Kevin Warsh, U.S. President Donald Trump's pick to lead the Federal Reserve, cleared a key procedural hurdle on Wednesday, opening...

Next Post
Stocks making the biggest moves after hours: SQ, CVNA and more

Stocks making the biggest moves after hours: SQ, CVNA and more

Viral Pic Purported to Show Israeli Flags Prominently Displayed in UK Parliament Chamber. Here’s the Truth

Viral Pic Purported to Show Israeli Flags Prominently Displayed in UK Parliament Chamber. Here's the Truth

RECOMMENDED

2:00PM Water Cooler 9/22/2022 | naked capitalism

2:00PM Water Cooler 9/22/2022 | naked capitalism

September 23, 2022
Paddleboarding in Charleston, SC!!

Paddleboarding in Charleston, SC!!

July 30, 2024
The Math Behind Mortgage Rates and Why They’re Staying Put

The Math Behind Mortgage Rates and Why They’re Staying Put

October 20, 2023
Vitality Transfers Lawsuit Towards Greenpeace Is an Try to Drain Our Assets and Silence Dissent — International Points

Vitality Transfers Lawsuit Towards Greenpeace Is an Try to Drain Our Assets and Silence Dissent — International Points

April 4, 2025
Ripple CTO Breaks Silence On XRP Ledger Fork Xahau

Ripple CTO Breaks Silence On XRP Ledger Fork Xahau

September 5, 2023
Transcript: Jonathan Clements – The Massive Image

Transcript: Jonathan Clements – The Massive Image

January 21, 2025
Just How Rich Were the McCallisters in ‘Home Alone’?

Just How Rich Were the McCallisters in ‘Home Alone’?

December 21, 2023
A table of crusty boomers loudly sl*t-shamed me for wearing a low-cut top in restaurant – but I got my own back

A table of crusty boomers loudly sl*t-shamed me for wearing a low-cut top in restaurant – but I got my own back

October 8, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In